Flip flops are light weighing casual and comfortable footwear, typically produced from rubber or plastic, usually with a thong between the big toe and the second toe. These are available in a wide variety of designs, styles, and brands. Presently, flip-flops have been considered fashionable and functional footwear. Additionally, flip flops provide comfort and application for household purposes and are used on beaches, hot weather conditions, and surfing.
MARKET DYNAMICS
Owing to the rising higher-income population, a trending tendency of the millennials to spend on utility products, and awareness of the utility of flip flops, there is a steep rise in demand for luxury footwear across the globe. Moreover, the ongoing digitalization in major countries and the consequent advancement in internet penetration have made social media websites an ideal channel for promoting and marketing trending flip-flops worldwide. Additionally, several key players are adopting lucrative marketing strategies and investing in innovations in the design and comfort of flip flops, further strengthening the market's growth. However, since this type of footwear is generally made from PVC and EVA, they harm the environment. Therefore, several key players have started adopting innovative technology and use eco-friendly materials to sustain in the global flip-flops market.
MARKET SCOPE
The "Global Flip Flops Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Flip Flops market with detailed market segmentation by Category and Distribution Channel. The global Flip Flops market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Flip Flops market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Flip Flops market is segmented into Category, and Distribution Channel. By category, the Flip Flops market is classified into Men, Women, Unisex. By Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Flip Flops market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Flip Flops market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Flip Flops market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Flip Flops market in these regions.
MARKET PLAYERS
The report covers vital developments in the Flip Flops market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the Flip Flops market are anticipated to lucrative growth opportunities in the future with the rising demand for Flip Flops in the global market. below mentioned is the list of few companies engaged in the Flip Flops market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Flip Flops market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
1. Skechers USA, Inc.
2. Crocs, Inc.
3. Deckers Brands
4. Adidas AG
5. Kappa
6. Nike, Inc.
7. Tory Burch LLC
8. Havaianas
9. Under Armour Inc.
10. Birkenstock Orthop?die GmbH and Co. KG